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from 19.5% of the overall economy to 20.6%. by bump. ing along with 18%, we have built the national debt that dominates the political discussion and it's going to get worse if we stay there. the future debt we're talking and worrying about is driven by two things. health care and old people. the coming years are going to have more of both. today the elderly make up 13% of the population. by 2050, they are expected to be 20%. that means you'll need to spend a lot more on social security and medicare. and we hope will keep happening and that will push the cost higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the ageing process. so there's no way the tax receipts of the 1960s will support the demographics of america in the 2030s. anyone who says otherwise is not taking the reality seriously. joining us is a man who always takes reality seriously. chris hayes. so one thing i always think is true in our
from 19.5% of the overall economy to 20.6%. by bump. ing along with 18%, we have built the national debt that dominates the political discussion and it's going to get worse if we stay there. the future debt we're talking and worrying about is driven by two things. health care and old people. the coming years are going to have more of both. today the elderly make up 13% of the population. by 2050, they are expected to be 20%. that means you'll need to spend a lot more on social security and...
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the mcconnell plan at all. he didn't think democrats did either. and yesterday he wanted to call their bluff. now that is when c-span2 suddenly became amazing television. yesterday afternoon mitch mcconnell asked the senate to move to an immediate vote on the mcconnell plan. vote on it now. he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it
that way congress couldn't blow up the world economy for no good reason. it's taking the sharp knife covered in explosives away from a kid who has a lot of temper tantrums. it seems like a good thing to do. the white house calls it the mcconnell plan because it's based on an idea that mitch mcconnell proposed become in july 2011. but even though it is mitch mcconnell's idea, even though he came up with it, mitch mcconnell is not for it. mitch mcconnell at this point does not support the...
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obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence will not just increase here in the united states, it will increase globally and we can get the virtuous cycle that i think all of us have been waiting for and want to see. what's holding us back right now ironically is a lot of stuff that's going on in this town, and i know that many of you have come down here to try to see, is there a way that we can break through the log jam, and go ahead and get things done and i'm here to tell you that nobody wants to get this done more than me. i know you've gotten a lot of briefings but let me describe
obviously globally, the economy is still soft. europe is going to be in the doldrums for quite some time, asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago, but i think all of you recognized and many of you told me is that everybody's looking to america, because they understand if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, that confidence...
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this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's important we have a seat at the table. >> joining us now is two governors that attended that meeting, chairman of the national governors association jack merkel as well as oklahoma's republican governor the group's vice chair. thaw for joining us. governor fallon, i'll start off with you. we heard scott walker in there. why not take a side here? >> well, we have 50 different states. we have governors that have different political philosophies. what we're trying to find is common ground, some collaboration between the national governo
this exacts the economy. the uncertainty is creating havoc with our economy and our states. >> well, the bipartisan delegation of governors wrapped up their meetings at the white house a few hourgz ago a. they plan to meet with republican leaders this afternoon and have made one thing clear. they're not taking sides in this one. >> our focus today was not to endorse a specific plan nor to dismiss a specific plan but rather to point out as gary mentioned as governors we think it's...
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the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago to that $1 trillion of cuts. that was 100% in cuts as part of the budget control act and he's always said we need a balanced approach. we can't do it through cuts alone. he has proposed additional cuts as part of the process but you need to have that revenue component to have the balanced approach. he has been insistent that we help our infrastructure and help the things that move the economy forward and it's interesting that republicans are so focused on this bonus tax break for 3 million americans but they have opposed or certainly been silent on the idea of extending for one year the payroll tax cut that benef
the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the president has already agreed to more than a year ago...
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that's one reason they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. it's about being smart and not putting the country a
that's one reason they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. it's about being smart and not putting the country a
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impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mil
impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will...
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to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was comical too, didn't i? >> well, yeah, and not even directly brought to the white house. taken out into the echo chamber, which is just like throwing red meat on the table. it's ridiculous. >> so is that the fig leaf you're holding today? >> no. >> it's a stupid offer. but the fact that they put it out to the press -- i mean the white house puts national security things out to the press, leaks classified information to the press. >> come on, that's grasping. you're grasgrasping. >> read the "new york times." if this is the standard now, if yo
to get the economy going again. there is a deal to be had, though, and republicans will vote to raise taxes. and they'll even -- i would predict -- vote to raise taxes on the rich as far as marginal rates a couple of percentage points, but they're going to have to meet in the middle. >> takes two to make this happen behind closed doors. and if they're releasing their counter plan which is as comical as you say the president's was to the press -- >> i said the republican plan was...
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find out what's really happening to the global economy. there are no holds barred global financial headlines kaiser reports. the mission and free accreditation free in-store charges free arrangements free. free. free. download free books clothing. free media. tom. kelly. show and an issue museum doesn't matter you. the residents never profit from the performances you'll see of coming our signature when you look up. right now. shelves become income mortal danger and a piece of art it's still. pretty. on our team. you. see these. are you don't want to. be like this again. no no no no no. it isn't going to happen but when. i was your company i thought there are. people that have nothing. my father everybody has and i write afghanistan martin for. my. mother that i can are back. in new york i am from new york city and if. there's no owner and i don't. mind. yes i guess. ok let's just be honest here for a moment for some people this is and justifiably so a battle about a police state since one thousand a.d. the number of people in prison per ca
find out what's really happening to the global economy. there are no holds barred global financial headlines kaiser reports. the mission and free accreditation free in-store charges free arrangements free. free. free. download free books clothing. free media. tom. kelly. show and an issue museum doesn't matter you. the residents never profit from the performances you'll see of coming our signature when you look up. right now. shelves become income mortal danger and a piece of art it's still....
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and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the bills. you certainly should have an intelligent debate over how much money you want to spend, what the tax level should be. and that either produce a balanced budget or a deficit, whatever. but the decisions that were made two and three years ago produced the necessity to raise the debt ceiling again. to say you're not going to raise the debt ceiling is to say you're going to default and that's going to collapse the economy. you can't do that. now, we have raised the debt ceiling 77 times since world war ii, seven times under the last bush administration. the norma
and that's what the republicans said about the economy. and they want to do it again with this cliff. and they want to do it again with the debt court of appealing in january. and we can't keep surrendering to that. >> i want to talk than. thank you for the analogy, by the way. you have called on congress to remove the debt ceiling altogether, to do away with it entirely. >> yes. the debt court of appealing is entirely superfluous. what the debt ceiling says if you can't pay the...
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. there you will find the promise of tomorrow. their journey is also our nation's destiny. and if they can give their children what our parents gave us, well then life in 21st century america can be better than it has ever been. may god bless all of you. and may god bless the united states of america. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on friday, vice president joe biden v
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean...
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perhaps the internet world has made the global economy closer so they can see it up front. but, i think that they also want to make sure those ladders of opportunity do continue to exist. that's why we need that fairer tax rate which would make sure that everybody can achieve the american dream. >> congresswoman, thanks for your time. i appreciate it. >> thank you. >>> coming up in a moment, a celebration for marriage equality. some are worried about the decision to hear two cases about same-sex marriage. we'll see where my next guest stands when weekends with alex witt continues. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath. describe the room that you're in. i think just like a big, open space. like i'm hanging the sheets on the line. and it smells really fresh, man. let's take y
perhaps the internet world has made the global economy closer so they can see it up front. but, i think that they also want to make sure those ladders of opportunity do continue to exist. that's why we need that fairer tax rate which would make sure that everybody can achieve the american dream. >> congresswoman, thanks for your time. i appreciate it. >> thank you. >>> coming up in a moment, a celebration for marriage equality. some are worried about the decision to hear...
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> ed burns, having been the actor,
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this...
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not only to him but to the economy and to our country. >> well, i agree. i guess i don't know if you have a group of people basically saying this is what we're going to do, this is it, this is as far as we're going -- >> the republicans have to meet in the middle. >> you just have to get it done in a graceful way and not just hammer them. >> when we come back there are more than 7 billion people on this planet and "forbes" magazine has compiled a new list of the most powerful people who truly run the world. we'll go through this year's top power players with "forbes" editor randall lane. also joining us editor of "national memo" joe connison. >> the least powerful man even in his own household. >> bill karins with a check on the forecast. >> very strong and strapping. >> yeah right. not alone there in the household thing. good morning everyone. the lack of snow is really starting to creep into everyone's foremind. we are watching for the most part one of the least coverage of snow across the country we've seen for this time of year. let me show you the map
not only to him but to the economy and to our country. >> well, i agree. i guess i don't know if you have a group of people basically saying this is what we're going to do, this is it, this is as far as we're going -- >> the republicans have to meet in the middle. >> you just have to get it done in a graceful way and not just hammer them. >> when we come back there are more than 7 billion people on this planet and "forbes" magazine has compiled a new list of...
SFGTV2: San Francisco Government Television
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we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of the u.s. conference of mayors, and they allow me to represent san francisco as the innovative center for all the rest of the cities across the country. so we get to compare information and there. what these days i will get to talk to you while i am in washington, d.c., and you can hear what i am saying across there, so we can enjoy it -- wherever i go, you know i will be working and not fooling around. finally, we also are using technology to join our private companies in hiring san franciscans. hopefully some of your kids, some of your grandkids as well, are going to enjoy some of these great jobs in san francisco, because the companies that are here, many of them have agreed to use the virtual hiring practice called hiresf.org and share the technology to hire online send franciscans. we're
we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of the u.s. conference of mayors, and they allow me to represent san francisco as the innovative center for all the rest of the cities across the country. so we get to compare information and there. what these days i will get to talk to you while i am...
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i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all right. you want to be happy? take a look at washington. >> look at that shot, man. >> how can you not be happy? >> i just said, you showed a picture of gotham and the clouds, and i'm glad we're here. >> look at this incredible cast of characters. steve rattner still with us along with mike barnicle in new york. joining us on set, republican senator from oklahoma, senator tom coburn who served in the bipartisan simpson-bowles commission two years ago. and the moderator of "meet the press," david gregory, not bad. not bad at all. >> where are we, tom? where are we, buddy? >> i have no idea. >> that's not good because you make sense. >
i know it will doom our economy for years to come, but let's just go over the [ bleep ] cliff. fine. let's just go. just leave the negotiating tables and send us over the cliff. because you know why? at least for a few seconds, it will feel like we're flying. >> welcome back to "morning joe." it is the top of the hour. look at that shot of new york city. >> beautiful. >> how beautiful. >> beautiful. glad we're here. >> good morning, everyone. >> all...
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our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the way raising rates would hurt the public? >> i understand we started with spending cuts. this is part of the debt ceiling debate. we got a trillion dollars discretionary budget cuts that's in the bank. now we're talking about needing a revenue component. yes, we need to bring down the cost of healthcare and we've got to save money in our military. we're bringing our troops home. that's where we can get some savings. we can come up with enough savings to avoid the fiscal cliff now between the revenues and savings. >> the house has left town a few days and say look, there's nothing to do because there's no deal on the table. would you personally be absolutely ready to stay on the hill locked in rooms with republicans until you guys got a deal over the holidays or whatever it took? >> absolutely. we can't allow to us go off the fiscal cliff.
our economy pay as to much for the healthcare dollars. we've got to get better results. >> is there anything else you can specifically put on the table? i got to press you on this that would hurt you the way raising rates would hurt the public? >> i understand we started with spending cuts. this is part of the debt ceiling debate. we got a trillion dollars discretionary budget cuts that's in the bank. now we're talking about needing a revenue component. yes, we need to bring down...
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it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and $0.0. it is a food stamp. i have to say, we are looking at a president who is willing, as you know, an assistant on $82 billion of tax increases on the so-called wealthy, the top@ 2%. and that is going to amount to just about nine days, almost nine days a lot bring the federal government's. more and more absurd proportions >> it really is absurd. when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being f
it is the economy. lou: it truly is. and i want to also if we may put up the cartoon. we do this very elegantly here. please put up the cartoon. the envelope. i just wanted to see that. it is great. the corner from the nation of achievement, mainstream america usa to the nation of entitlement . i mean, that s to meet not only with the committee is brilliant. can we put that back up? i want to show you something. some might mess in that cartoon. if you look at the stamp in the upper right, and...
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movie and there are a few things you should know about me right from the jump i'm not an expert on the economy climate change or foreign policy i'm also not an expert on sustainable farming systems the history of social movements or lego's the occupy movement has experts on all those things and more not really want to i'm happily married husband a father of two fantastic children i live on a main street in a small new england town with actual white picket fences i made this movie for you me and everyone we know in the hope that we can create a world where human need comes before corporate greed so why does it feel almost un-american to say that i think about it this way just go with me for a second here you know that scene from the oliver stone film wall street when gordon gekko played by michael douglas in a role that would win him an oscar appears at a shareholders meeting of a company paper to defend his actions and his grotesque worldview and delivers the now famous speech where he says. for lack of better word is good. we didn't write great works. greek their eyes. can. see evolution. and
movie and there are a few things you should know about me right from the jump i'm not an expert on the economy climate change or foreign policy i'm also not an expert on sustainable farming systems the history of social movements or lego's the occupy movement has experts on all those things and more not really want to i'm happily married husband a father of two fantastic children i live on a main street in a small new england town with actual white picket fences i made this movie for you me and...
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they're blaming the increase in eligibility standards and the struggling economy for the new trend. >>> you called it a roller coaster lynette. warm a few days ago, this morning when i walked outside. uh-huh. >> did you have the coat? >> no. >> you didn't bring your coat? >> what's wrong with you? >> i didn't want to go back in and get the coat. i'll suffer. >> okay, don't do what charlie did people. you want the coat this morning. he is not a good example whatsoever. make sure you layer yourself as you head out the door this morning and we have lots of sunshine though throughout the day. temperatures really dropping off this morning. because we don't have any type of cloud cover. no type of weather to talk about. if you want the weather you have to head back over towards the midwest because you're getting some rain and snow across michigan this morning: and also wisconsin and we're dealing with some wet weather and also this will continue as we go through time and that area. but we're not going to be dealing with that today. we'll be dealing with lots of sunshine to the bus this morn
they're blaming the increase in eligibility standards and the struggling economy for the new trend. >>> you called it a roller coaster lynette. warm a few days ago, this morning when i walked outside. uh-huh. >> did you have the coat? >> no. >> you didn't bring your coat? >> what's wrong with you? >> i didn't want to go back in and get the coat. i'll suffer. >> okay, don't do what charlie did people. you want the coat this morning. he is not a good...
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was really happening to the global economy with. headlines. as a report. shows that so much i was about the feeling that i was in a. really. sad.
was really happening to the global economy with. headlines. as a report. shows that so much i was about the feeling that i was in a. really. sad.
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. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and me to some kind of an agreement. we have been down this road before where republicans of given on th taxes. was in the white house with reagan. they promised dollars in cuts. they didn't give us anything. bush went through the same drill when he broke his tax pledge, busch sr. we have had this history before. basically, tell us what you're going to do. there will be a stimulus by fixing he northeast from the storm. add another 50 billion out there on top of the package. and then the audacity of saying, i'm going to raise the debt ceiling whenever i want to. give me per
. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two terms it is not careful. he will take us back into recession. if he wants serious negotiations that will sit down and me to some kind of an...
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Dec 10, 2012
12/12
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. >> that's because the underlying economy is improving. now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power lunch." as you can see, we are beth here on the floor of the new york stock exchange. and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly the
. >> that's because the underlying economy is improving. now you get china. if europe can stabilize, i think we can go much higher. >> how many days, if you add headline that monty was thinking about, going out and bursceloni was thinking about coming back. follow me on twitter. and "power lunch" begins right now. >> halftime is over. "power lunch" and second half of the trading day starts right now. >> and here we are. welcome to "power...
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Dec 7, 2012
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belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree but for different reasons. fiscal cliff is a horrible med fore. i means the high grade leftism. what you get are massive cuts in defense. and higher t
belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is...
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been building cars for years and now that the economy has shifted we need retraining and then we need to connect citizens who are trying to the jobs that are available we must stabilize the school system the charter school movement siphoning off children from the public school system and buildings are rotting and children are being failed in the process we must stop the hemorrhaging out of the school system so many things that could happen in the city what's right to bring your describing is basically a reversal of thirty two years of reaganomics it seems to me i mean i don't i don't catch anything there that wasn't i mean you're if we just took us back to where we were in one thousand nine hundred eighty two it was a fairly prosperous that's what we had rational trade policies we were still making things in america you know there was a fairly high taxation on corporations and wealthy individuals goss' we could have a middle class that's right. that's right and today this is considered like you know. well that's too far left anyway that's what happens with the financial managers take
been building cars for years and now that the economy has shifted we need retraining and then we need to connect citizens who are trying to the jobs that are available we must stabilize the school system the charter school movement siphoning off children from the public school system and buildings are rotting and children are being failed in the process we must stop the hemorrhaging out of the school system so many things that could happen in the city what's right to bring your describing is...
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Dec 8, 2012
12/12
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it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this is a signal, a smoke signal like a vatican smoke signal sent from the administration to speaker boehner today. >> but that's been out there before. >> i understand that. >> there's only a handful of republicans, what are you going to get, a percentage point? mark seimone, boehner went in saying no higher tax rates. we'll give you a cap on the deduction. that's $800 billion in tax revenues. a lot of his own caucus didn't even want to do that. now they'll fiddle around wit
it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter....
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Dec 8, 2012
12/12
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that is what animates the economy or depresses the economy. it's really what you see happening around you. and how you feel about your own prospects. >> and rick newman, while at the same time you're saying that, there's a story in today's "new york times" talkingability consumer borrowing rising to $2.7 trillion. that was an increase by $14.2 billion from october to september. it says credit card use has fallen sharply since the credit crisis four years ago. americans had about a trillion in debt, and that pers was 17% lower in october. guest: you hear these debt figures, and the question is is this a good thing or a bad thing? the answer is it's a little bit of both. if you look at the types of debt that are going up, mostly student loans and right behind that, auto loans. is it bad people are taking on debt, or good they're taking on debt for education. so, i think that it's possible, and we have seen an increase in the number of people going to college, and they're taking up more loans in order to pay for that. at some point in the future
that is what animates the economy or depresses the economy. it's really what you see happening around you. and how you feel about your own prospects. >> and rick newman, while at the same time you're saying that, there's a story in today's "new york times" talkingability consumer borrowing rising to $2.7 trillion. that was an increase by $14.2 billion from october to september. it says credit card use has fallen sharply since the credit crisis four years ago. americans had about...
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Dec 7, 2012
12/12
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but it's already been feeling effects of the soft economy. the recent recession left many commercial buildings vacant. if more businesses go under, that means more vacancies, more job losses, possible new foreclosures, and tax revenue to the state could take a dive as well. that is where we see these ripple effects happening. >> a lot of big contracts. that makes a huge impact around here. absolutely. >> thanks, jess. >>> superstorm sandy is widely thought to have slowed the u.s. job growth last month. the only question is how much. an answer is expected to emerge from the government's job report from november which is due out today. meanwhile new jersey's governor paid a visit to president obama yesterday asking for money to help his state rebuild. the storm destroyed 80% of this sea side heights community and left the famous boardwalk in pieces. governor chris christie says it will take $37 million to rebuild that area. the president is expected to ask congress for $50 billion but that will not cover the $83 billion that new york, new jerse
but it's already been feeling effects of the soft economy. the recent recession left many commercial buildings vacant. if more businesses go under, that means more vacancies, more job losses, possible new foreclosures, and tax revenue to the state could take a dive as well. that is where we see these ripple effects happening. >> a lot of big contracts. that makes a huge impact around here. absolutely. >> thanks, jess. >>> superstorm sandy is widely thought to have slowed...
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. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate to remain at 7.9%. >>> president obama says this northern virginia couple is proof that lawmakers must come to an agreement on a budget deal by the end of the year. he met with tiffany and richard santana yesterday. living with tiffany's parents to help make ends meet. she wrote about her struggles to the white house as part of a social media campaign. >> we live with an extended family. we have two sets of adult incomes in our home. it would be more like a $4,000 tax increase for us, which would be relatively devastating for our family. i wanted to share that with the white house. i wasn't sure i was goin
. >>> today we could see the impact, the threat the fiscal cliff is having on our economy, even before the end of the year, the labor department will release its november jobs report this morning. many economists believe fewer than 100,000 new jobs were created this month. that may be because companies are waiting to hire more companies until after the financial crisis is resolved. superstorm sandy likely had an impact on the unemployment rate economisted expect the unemployment rate...
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Dec 5, 2012
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we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how hard what we're trying to do is. i'm really disappointed that when we're trying to create a forum to have discussion we can't have everybody stay like they were invited to come and actually have this real discussion. because there are real issues that everybody knows about how we're going to try to fix these problems. on revenue, on social security, on medicare, on spending, on defense. and there are going to be different opinions about how we do it and the truth is they're going to be really hard choices and people are not going to be able to all have everything they want as we work as
we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how...
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Dec 6, 2012
12/12
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our whole analysis of the economy is correct. we need massive spending decreases, and they've got to stick with that. if they can get decent spending increases and have to agree to additional revenue, fine. if they get pushed in the position the president is trying to push them, they stick with their principles, you know, and a year and a half from now go to the electorate with that. it worked in 10. it will probably work in 14. it will be a shame because it will do a lot of damage to our economy in between, but the president has that really on his shoulders. he's the leader. >> greta: mayor, thank you, sir. >> thank you. >> greta: breaking news out of syria. the syrian government mixing components for the deadly sarin nerve gas. the ranking democrat on the house intelligence committee joins us. nice t to see you. >> disturb disturbing news. it's been disturbing for a long period of time. assad killing his own people, but if he does this, i don't think there's any country in the world that really would approve of killing your peo
our whole analysis of the economy is correct. we need massive spending decreases, and they've got to stick with that. if they can get decent spending increases and have to agree to additional revenue, fine. if they get pushed in the position the president is trying to push them, they stick with their principles, you know, and a year and a half from now go to the electorate with that. it worked in 10. it will probably work in 14. it will be a shame because it will do a lot of damage to our...
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Dec 4, 2012
12/12
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it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically
it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us...
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Dec 5, 2012
12/12
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with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the mandate that he thinks he does. i think he takes us over the cliff because he has got blinders on. he doesn't see where he stands in the universe. >> jennifer: or where he stands? where the president stands? he's leader of the free world for goodness sakes. but back to the tea party senator jim demint, who was riding first class on the tea party express, he tweeted that boehner's propose is an $800 billion tax hike that will destroy jobs and allow politicians to spend even more. not so fast, demint. there is yet another front in this revolution. conservative columnist jennifer ruben dismissed demint's rhetoric
with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being sufficiently revolutionary. >> he thinks someone made him king. he doesn't have the...
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Dec 7, 2012
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all the major economies are in that region including ours. seven of the ten largest armies in that region. you can put all the continents in the world in the pacific ocean, you can put 'em all in the pacific ocean and still have room for another africa, another canada, another united states and another mexico. and that's just in the pacific. the indian ocean is vast as well. so you have this really large, very dynamic -- can't even call it a region. it's half the world. where you have historical ties between countries, bilateral, multilateral, and you have this -- there's no one security organization that's able to deal with things such as a nato. and i don't think you'll ever get to that because it's such a vast and diverse region. and so we have to rely on and have to support these multilateral organizations that allow us to capitalize on where we have like interests and to not be afraid to allow other countries to lead in those areas. so now to the earlier question, you know, we very much support india military, india taking a leadership i
all the major economies are in that region including ours. seven of the ten largest armies in that region. you can put all the continents in the world in the pacific ocean, you can put 'em all in the pacific ocean and still have room for another africa, another canada, another united states and another mexico. and that's just in the pacific. the indian ocean is vast as well. so you have this really large, very dynamic -- can't even call it a region. it's half the world. where you have...
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think there's a lot of other reasons why mexico is in the situation it is that is you know its own economy is suffering and that is a lot of corruption politically so i don't think legalization of drugs would be the silver bullets that cures all of these problems but i think would be a really important first step all rights are maybe the first step is trying to make sure that they don't get armed with all these. dangerous weapons back to you appreciate you for weighing and that was matthew feeney is associate editor for reason dot com. well iran today said it captured a u.s. drone that was flying over its airspace in the gulf this is what iran state run media press t.v. is reporting. ron has captured a u.s. drone that is violated the country's airspace you're looking at the latest pictures that have come in in which the r.g.c. has made this announcement and it is backing that up with what you're seeing there on your screen of the u.s. however is denying this u.s. officials say no drones are missing and there's no evidence to back up iran's claims this was a recent report out of the washing
think there's a lot of other reasons why mexico is in the situation it is that is you know its own economy is suffering and that is a lot of corruption politically so i don't think legalization of drugs would be the silver bullets that cures all of these problems but i think would be a really important first step all rights are maybe the first step is trying to make sure that they don't get armed with all these. dangerous weapons back to you appreciate you for weighing and that was matthew...
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Dec 6, 2012
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job market there, the economy. it's depressed. >> dana: the point of the election and swing state of michigan is president obama saved michigan and the auto industry in detroit because of his actions to bail him out. at least she is honest about what they are looking for. they are not honest about the problem. >> bob: pall ryan fleeced left and right. >> dana: you are hilarious. >> greg: i was hoping this was bacon. i thought they were bringing bacon home. i was depressed -- >> kimberly: you like bacon. >> greg: everybody got bacon instead of money it would be a better place. >> eric: leave it there. coming up, three stories that you will not believe the real story behind the shoeless nan the photo that made national headlines. atheists won a battle in the war on christmas taking down charlie brown. nudists in the california go nuts. rights are taken away. ♪ ♪ s from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in
job market there, the economy. it's depressed. >> dana: the point of the election and swing state of michigan is president obama saved michigan and the auto industry in detroit because of his actions to bail him out. at least she is honest about what they are looking for. they are not honest about the problem. >> bob: pall ryan fleeced left and right. >> dana: you are hilarious. >> greg: i was hoping this was bacon. i thought they were bringing bacon home. i was...